Kara Calvert, Coinbase's Vice President of US Policy, stated at Consensus 2026 that the CLARITY Crypto Market Structure Act could be considered by the US Senate Banking Committee as early as next week. Calvert noted that the bill requires at least 60 votes to pass in the Senate, and efforts are underway to secure bipartisan support. A HarrisX poll shows that 70% of voters believe the US should pass clear cryptocurrency legislation. Furthermore, Calvert believes the lack of a coherent tax policy is a major obstacle to institutional adoption of cryptocurrencies, with current tax rules requiring crypto exchanges to record transactions as low as $1. He expressed hope that tax reform legislation will progress in 2026 and predicted that the House of Representatives might take action on related legislation within the next month or two.